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Equinor, Shell and Total have decided to invest in the Northern Lights project in Norway's first exploitation license for CO₂ storage on the Norwegian Continental Shelf. Plans for development and operation have been handed over to the Ministry of Petroleum and Energy.

Data science and predictive technology service provider, OPEX Group, has launched a new emissions reduction service in response to demand from the oil and gas industry, as operators seek to cut costs and achieve ambitious net zero targets.

International compressor supplier TMC Compressors of the Seas (TMC) has won a contract from Shanghai Waigaoqiao Shipbuilding Co., Ltd (SWS) to supply the marine compressed air system to a newbuild FPSO the yard is constructing for SBM Offshore. 

Swedish floating windfarm developer Hexicon AB announced it has agreed to join forces with the leading South African wind developer Genesis Eco-Energy Developments in order to explore the development of offshore wind. The development program will be driven via a joint venture company in South Africa that will be named GenesisHexicon (Pty) Ltd.

The International Marine Contractors Association (IMCA) is playing a key role in two industry groups lobbying the IMO to support a recommendation for Governments and national authorities to facilitate the movement of offshore energy sector personnel during the COVID-19 pandemic.

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